Bullish Q3 Earnings Preview: All You Need To Know About Analyst Price Targets, Quarterly Estimates And More - Bullish (NYSE:BLSH)

Core Insights - Bullish (NYSE:BLSH) is scheduled to report its third-quarter financials, with analysts expecting a significant decline in earnings per share and an increase in quarterly revenue [1][2]. Financial Expectations - Analysts predict earnings per share of $0.09, down from $0.93 in the previous quarter [2]. - Quarterly revenue is expected to be $72.39 million, an increase from $58.63 million [2]. Stock Performance and Analyst Ratings - The consensus price target for BLSH stock is $56.91 from 12 analysts, with Citigroup setting the highest forecast at $70 [3]. - The average price target of $62 suggests a potential upside of approximately 70% for the stock [3]. Technical Indicators - The Moving Average Convergence Divergence indicator has issued a "Sell" signal for BLSH, while the Williams Percent Change indicates a "Buy" rating [4]. Market Position and Competitors - Bullish, backed by Peter Thiel, went public in August, raising $1.213 billion, with an initial stock price of $90.45, significantly above its IPO price of $37 [5]. - Ark Invest, led by Cathie Wood, has invested over $10 million in Bullish shares through various ETFs [6]. Price Action - BLSH shares fell 0.67% in after-hours trading, following a 4.50% decline during the regular trading session, closing at $36.75 [6]. Comparative Analysis - Benzinga's Edge Stock Rankings indicate a weaker price trend for BLSH in the short, medium, and long term compared to competitors like Coinbase [7].